Scotland’s Fiscal Framework

Debate between Lord Sutherland of Houndwood and Lord Dunlop

Wednesday 24th February 2016 Lords Chamber

[Lord Dunlop]

No. It has always been the case—right from the start of these discussions—that a block grant would continue. However, we are providing for more of the budget to be financed from the tax revenues raised in Scotland.

[Lord Sutherland of Houndwood (CB)]

My Lords, I live on the other side of the border from my noble colleague Lord Beith but not far from the border. I share his perception from that side of the border of the impact of not talking about Barnett. Will the review’s terms of reference include looking at the consequences of retaining the Barnett formula?

[Lord Dunlop]

As I said earlier, this is an open review and it does not establish a default position. It will be for the Governments to set the terms of reference and the remit, and those will be decided in due course.